Inclusive finance conducive to SMEs

Small and medium-sized enterprises are the main force of national economic and social development, and play an important role in promoting growth, ensuring employment, and improving people's livelihoods.

According to the State Administration for Market Regulation, a total of 14.54 million new market entities were established in the first half of the year, 4.3 percent higher than in the same period last year.

SMEs are the largest and most dynamic group of enterprises. However, because of their small size, they are vulnerable to risks. It is important that the financial sector make greater efforts to better help and support SMEs to help promote the vitality of the economy as a whole. Finance is the life blood of the real economy. Banking and insurance institutions should provide targeted and effective relief measures to support temporarily distressed SMEs to help tide them over the difficulties.